Boston Private Wealth LLC lowered its position in Boeing Company (The) (NYSE:BA) by 22.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,536 shares of the aircraft producer’s stock after selling 9,970 shares during the quarter. Boston Private Wealth LLC’s holdings in Boeing Company (The) were worth $6,829,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC lifted its holdings in Boeing Company (The) by 181.9% during the first quarter. Proficio Capital Partners LLC now owns 623 shares of the aircraft producer’s stock worth $115,000 after buying an additional 402 shares during the period. MCF Advisors LLC lifted its holdings in shares of Boeing Company (The) by 9.5% during the 1st quarter. MCF Advisors LLC now owns 712 shares of the aircraft producer’s stock valued at $126,000 after purchasing an additional 62 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Boeing Company (The) by 16.9% during the 1st quarter. SRS Capital Advisors Inc. now owns 742 shares of the aircraft producer’s stock valued at $131,000 after purchasing an additional 107 shares during the last quarter. Catamount Wealth Management acquired a new position in shares of Boeing Company (The) in the 2nd quarter valued at $138,000. Finally, Herndon Capital Management LLC increased its position in shares of Boeing Company (The) by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after acquiring an additional 165 shares during the period. 71.99% of the stock is currently owned by institutional investors.
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Shares of Boeing Company (BA) traded up $1.57 on Tuesday, reaching $262.42. 2,604,800 shares of the company’s stock traded hands, compared to its average volume of 3,308,948. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Company has a one year low of $144.46 and a one year high of $267.62. The firm has a market capitalization of $155,770.00, a price-to-earnings ratio of 26.75, a P/E/G ratio of 1.99 and a beta of 1.22.
Boeing Company (The) (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing Company (The) had a net margin of 7.33% and a return on equity of 12,064.25%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.51 earnings per share. sell-side analysts predict that Boeing Company will post 10.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 9th. Boeing Company (The)’s payout ratio is 52.25%.
Several equities research analysts have weighed in on BA shares. Deutsche Bank AG increased their price target on Boeing Company (The) to $300.00 and gave the stock a “buy” rating in a research report on Thursday, September 14th. Berenberg Bank set a $245.00 price target on Boeing Company (The) and gave the stock a “buy” rating in a research report on Friday, July 21st. Jefferies Group LLC restated a “buy” rating and set a $300.00 target price on shares of Boeing Company (The) in a research report on Friday, October 6th. Credit Suisse Group AG restated a “sell” rating on shares of Boeing Company (The) in a research report on Friday, July 28th. Finally, Nord/LB set a $250.00 target price on shares of Boeing Company (The) and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing Company (The) presently has a consensus rating of “Buy” and a consensus price target of $256.68.
Boeing Company (The) Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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